Czech Koruna Recovers From 9-day Low Against Dollar
September 24 2009 - 11:19PM
RTTF2
In early European deals on Friday, the Czech koruna recovered
from an Asian session's 9-day low against the US dollar amid a
report that showed that the consumer confidence in Czech improved
further in September.
The Czech Statistical Office announced that the consumer
confidence indicator stood at 89 in September, up from 83.6 in
August. A year ago, confidence indicator was 96.9.
Similarly, the business confidence indicator rose to 79 in
September from 77.3 in August. The business confidence was 95.9 a
year earlier.
The Czech koruna rose from a 9-day low of 17.2550 per dollar to
17.1310. If the Czech currency gains further, it may find near term
resistance around the 16.975 level. The dollar-koruna pair closed
yesterday's North American session at 17.1935.
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